Economy

Connecticut Gov. Dannel Malloy and the U.S. Department of Transportation announced the release of $121 million for the New Haven-Hartford-Springfield rail program.

The IRS has closed an audit without changing the tax-exempt status of $31.23 million of health center revenue bonds that were issued by the Lebanon County Health Facilities Authority in 2005 on behalf of the Pleasant View Retirement Community Project.

A labor coalition wants New York's MTA to renegotiate or cancel interest-rate swaps on bond deals, while the agency says it still saves money on them.

The Allegheny County Airport Authority, Pa. is requesting bids for natural-gas drilling at Pittsburgh International and Allegheny County airports.

The Federal Highway Administration approved New York's plan for a new span to replace the current Tappan Zee bridge.

Fitch Ratings upgraded to BBB-plus from BBB almost $1 billion of debt issued on behalf of Barnabas Health in New Jersey.

The Port Authority of New York and New Jersey sold $2 billion of taxable bonds on Thursday — a day ahead of schedule, due to strong demand.

Illinois has submitted a draft airport layout plan to the FAA for a third regional airport to be located far southwest of Chicago. The airport has long been discussed but its advances have come slowly.

After a raucous public speaking session and sniping between chairman Joe Lhota and board member Charles Moerdler, New York's MTA tweaked its advertising policy and meeting schedule.

The Metropolitan Atlanta Rapid Transit Authority will consider a consultant's recommendations to increase revenues, including outsourcing, advertising on buses and trains, and new fees.

Moody's Investors Service may downgrade $10 billion of Garvee bonds, the ratings agency announced Tuesday, because of the increasing uncertainty of the federal revenue stream that backs them.

Cook County, Ill. officials hope that the Medicaid expansion provision in the Affordable Care Act will help reduce chronic deficits in its large public hospital system.

The Minneapolis-St. Paul Metropolitan Airports Commission is gearing up to sell about $100 million of general airport revenue as it advances plans for a $1.5 billion capital improvement program.

Holy Cross Hospital and Sinai Health System, both in Illinois, announced the signing of a letter of intent to merge in September.

Los Angeles World Airport Officials plan to explore private placement in selling $1 billion in bonds over the next 18 months.

An audit of the U.S. Department of Transportation's popular Transportation Investment Generating Economic Recovery grant program released revealed an inadequate framework for ensuring projects meet their goals, though the DOT said it has already taken steps to meet some of the IG's recommendations.

New York's Metropolitan Transportation Authority plans to continue its aggressive borrowing with $3.1 billion in bond sales over the next three months.

The finance committee of New York's MTA authorized an increase in the amount of fuel-hedging capacity, which budget officials say minimizes volatility.

With its economy continuing to gain momentum, Harris County, Texas plans to refund about $353.7 million of toll revenue bonds in a negotiated deal Oct. 2.

The Utah Transit Authority is moving towards a $320 million bond deal for expansion of its Trax and FrontRunner rail projects.